LNG

ExxonMobil, Chevron, ConocoPhillips and Occidental Petroleum have cemented the shale gale in the US, home to 80% of global unconventional oil and gas production. Yet, fracking makes inroads in Saudi Arabia, China, Argentina.

Shell Australia adamantly opposes policies forcing LNG exporters to reserve more gas for the domestic market. Redistributing exiting supply is no solution, Shell Australia’s Cecile Wake says, so “let’s make the pie bigger.”

As cheap US shale gas risks to flood global LNG markets, Asian buyers are hesitant to enter long-term offtake agreements from Chevron's Gorgon LNG export terminal in Australia - one of the world's most expensive projects.